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Amazon ‘terrifies me as a company,’ says a valuation professor

Amazon continues to break records. On Thursday, the company reported earnings per share of $5.07 compared with $2.50 as expected by Thomson Reuters.

But Aswath Damodaran, a professor of corporate finance and valuation at the Stern School of Business at New York University, who is sometimes referred to as the “Dean of Valuation,” said this is not all good news.

“You find it overvalued but you cannot bet against it because this is a disruption machine,” he said. “I’m not even sure what business the company is in anymore. It’s a platform that can be used pretty much to disrupt any business. And that’s what’s being priced in.”

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